The rise of India's first venture capitalists

An excerpt from Omkar Goswami's Goras and Desis, which traces the rise of managing agencies, once the drivers of industrial growth, from their buccaneering beginnings in the 19th century

Goras and Desis Managing Agencies and the Making of Corporate India  Author: Omkar Goswami  Publisher: Penguin Random House India Pages: 280  Price: Rs 299 There can be no doubt about the groaning poverty and wretchedness of India in 1900, which continued right up to Independence in 1947 and beyond. Yet, despite the sepia-tinted images of famines, beggars and skeletal cows, the fact of the matter was that by the early years of the twentieth century, British India had in place all the institutions needed for relatively rapid ...

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The rise of India's first venture capitalists